The value of the global schizophrenia drugs market was USD 8.18 Billion in 2024, driven by the prevalence of schizophrenia across the globe. The market is expected to grow at a CAGR of 3.90% during the forecast period of 2025-2034 to reach value of USD 11.99 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
3.9%
Value in USD Billion
2025-2034
Schizophrenia Drugs Market Outlook
*this image is indicative*
Schizophrenia is a chronic brain disorder that affects a person’s ability to think, feel, and act. The patient can experience symptoms such as hallucinations, delusions, and show extremely disordered thinking and behaviour that may hinder their daily activities.
Healthcare companies are innovating medication manufacturing by utilising high-content single-cell screenings. The development of new potential drugs would be done on a live cellular function model, which will help manufacturers to develop drugs in less time and at effective pricing.
Majority of the currently available oral drugs for schizophrenia have limited efficacy and can result in negative symptoms with a possibility of relapse in case of non-adherence. Some case may even show severe consequences.
The EMR’s report titled “Schizophrenia Drugs Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Therapeutic Class
Market Breakup by Route of Administration
Market Breakup by Distribution Channels
Market Breakup by Region
Based on treatment, the market for schizophrenia drugs can be bifurcated into oral and injectables. With the development of new key products for the treatment of schizophrenia as a result of the growing number of people suffering from the disease, the injectable segment is expected to hold a major share of the market.
Additionally, several key players in the market have started making substantial investments in research and development for novel treatment solutions.
Injectable-based schizophrenia medications, particularly long-acting injectables, are increasingly gaining popularity owing to their benefits and fewer adverse effects. They also help in suppressing the drawbacks associated with oral treatments. This development in schizophrenia drugs can help the market to grow further with improved patient outcomes and fewer relapses.
Based on distribution channels, the market bifurcations include hospital pharmacies, retail pharmacies, and online, among others.
The hospital pharmacy segment is expected to dominate the market, owing to the existence of trained psychiatrists who continue to operate in large hospitals and an increasing number of people with schizophrenia, as well as the increase of long-acting injectables, which physicians may utilise in their normal practice.
Following the hospital pharmacy, the online segment is expected to register the highest CAGR owing to the rapid expansion of internet services and smart devices around the world. People are also shifting towards online services due to the convenience of filling up prescriptions from home.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global schizophrenia drugs market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Eli Lilly and Company is a pharmaceutical company based in the United States, with their headquarters in Indiana. They distribute their products in approximately 125 countries. The company has been in service since 1876. The company works on multiple diseases including Alzheimer’s, Cancer, Diabetes, Immunology, Obesity, and Pain.
AbbVie Inc. is an American pharmaceutical research and development company, which was founded in 2013. They provide therapeutic services for various areas of disease such as neuroscience, virology, oncology, immunology, and eye care. The company is increasingly invested to develop and deliver new medications.
Alkermes PLC is one of the key global biopharmaceutical companies, which was founded in 1987 and is headquartered in Ireland. The company is engaged in the development of innovative medicines in the medical field of neuroscience and oncology.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other Key players include Otsuka Pharmaceutical Co., Ltd., and Johnson & Johnson Services, Inc., among others.
Schizophrenia Drugs Market Size
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The market is expected to grow at a CAGR of 3.90% during the period 2025-2034.
The market is driven by the increasing number of cases of schizophrenia and the wide adoption of long-acting injectables due to their benefits of reduced relapse of the patient.
The rising investment and industrial collaborations in the development of novel treatments for schizophrenia are key trends followed in the market.
The regional markets for the global schizophrenia drugs market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different therapeutic classes in the market include second-generation antipsychotics and third-generation antipsychotics, among others.
The different types of treatment in the market include oral and injectables.
The distribution channels used for schizophrenia drugs include hospital pharmacies, retail pharmacies, and online, among others.
The key players in the market include Eli Lilly and Company, AbbVie Inc., Alkermes PLC, Otsuka Pharmaceutical Co., Ltd., and Johnson & Johnson Services, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Therapeutic Class |
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| Breakup by Route of Administration |
|
| Breakup by Distribution Channels |
|
| Breakup by Region |
|
| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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